Alternative investment firm H.I.G. Capital announced that an affiliate company has entered into an agreement to acquire Capstone Logistics from an affiliate company of private equity firm The Jordan Co.
Based in Peachtree Corners, Georgia, Capstone was formed by H.I.G. Capital in 2011, when it merged portfolio company Progressive Logistics Services with LMS Intellibound. H.I.G. sold Capstone to The Jordan Company in 2014.
Financial terms were not disclosed. The deal is expected to close in...
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